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Ma’aden acquires Meridian Group in Africa

Ma’aden will acquire an 85 per cent stake in the Mauritius-based Meridian Group, a move in which Ma’aden is set to extent its network of operations across southern Africa, from Malawi to Mozambique, Zimbabwe and Zambia Source: African Review Ma’aden acquires Meridian Group in Africa {$excerpt:n} Texas Global Systems News

US Drops 10 Oil and Gas Rigs

This week’s rig count saw declines of eight oil rigs and two gas rigs for a net loss of 10. Source: Offshore US Drops 10 Oil and Gas Rigs {$excerpt:n} Texas Global Systems News

Oil Heads for Weekly Loss

Oil heads for its first weekly drop since early March as uncertainty over the future of global producer curbs, Iranian exports and U.S. inventories kept investors on edge. Source: Offshore Oil Heads for Weekly Loss {$excerpt:n} Texas Global Systems News

Crude Oil Settles Higher

Meanwhile, Henry Hub natural gas fell for the fourth straight trading day. Source: Offshore Crude Oil Settles Higher {$excerpt:n} Texas Global Systems News